News
Exchanges Prepare for Penny Options Pilot Expansion
US options exchanges are bracing for an expansion of the pilot phase of quoting options in penny increments in September, though they do not expect to be overwhelmed by a deluge of new options data.
Chi-X Takes On LSE with UK Stock Data
Chi-X, the European equity market operated by broker Instinet, earlier this month began providing data and trading with continuous two-sided quotes on around a dozen large-cap stocks from the FTSE 100 index listed on the London Stock Exchange.
Vendors Continue Growth Path; Thomson-Reuters on Track for Regulatory Approval
Reuters, Thomson and Interactive Data each reported positive results for the second quarter of 2007 last week, and predicted a continuation of benign operating conditions for the market data industry. Revenue and profit growth was a theme across the…
Citi Signs for FTSE Infrastructure Index
Citigroup is the first investment bank to license the FTSE-IDFC India Infrastructure 30 Index—one of a new series of Indian infrastructure indexes launched by index provider FTSE Group last week in partnership with India's Infrastructure Development…
Bloomberg Shuffles 'Specialist' Sales
Bloomberg has reorganized the structure of its sales operations in a move designed to reduce management and reinforce its core terminal sales area as the main channel for customer sales activity, sources tell Inside Market Data .
MSCI Barra: Index Transition Costs Not Unreasonable
Index provider MSCI Barra is rejecting suggestions that changes to its global indexes over the coming year will cause investment managers to review their relationship with the vendor or even switch to alternative providers.
Huber Wraps TQA-Datastream Integration
German research firm and investment manager Huber Portfolio has finalized the integration of Thomson Financial's Datastream historical time-series and economic database with a recent deployment of Thomson's Quantitative Analytics (TQA) product, to enable…
NYSE Gives ArcaBook a Multicast Facelift
The New York Stock Exchange's NYSE Arca division will next week roll out a new version of its ArcaBook feed of limit order book data based on technology used by existing NYSE feeds, dubbed ArcaBook Multicast for Equities.
ISE Broadens Sentiment Data Lineup
The International Securities Exchange has announced plans to launch a new addition to its suite of products for measuring market sentiment, to include a broader and more granular range of data than is currently available in the ISE's other sentiment…
Toronto Stock Exchange Readies ATX
TORONTO—The Toronto Stock Exchange (TSX) plans to roll out its Alternative Trade eXecution (ATX) trading platform by the end of August, say officials from TSX Group, operator of the exchange.
Chi-X Gains Industry Support
LONDON—Instinet alternative trading system (ATS) Chi-X is gaining traction in the European markets as more clients demand datafeeds from the pan-European multilateral trading facility (MTF), say vendor officials.
Nymex, Reuters Suffer Outages
NEW YORK & LONDON—Future traders on the New York Mercantile Exchange (Nymex) had no choice but to return to open-outcry trading last Wednesday as a midday outage hit part of the Chicago Mercantile Exchange's (CME's) Globex electronic trading platform,…
HKEx Proposes Second Board for GEM
Hong Kong Exchanges and Clearing Limited (HKEx) released a consulting paper at press time recommending developing its Growth Enterprise Market (GEM) as a second board for medium and smaller issues, which will trade in conjunction with HKEx's main board,…
FIX Protocol Goes Algo
LONDON—FIX Protocol Ltd. (FPL) officials announced last week that the organization's new FIX Algorithmic Trading Definition Language (FIXATDL) has entered its beta-testing phase and should be released later this year.
Bank Consortium to Build Unregistered Securities Platform
LONDON—A group of investment banks, including Citi, Lehman Brothers, Merrill Lynch and Morgan Stanley, are developing a multi-bank electronic trading platform for unregistered securities, according recent media reports.
City of London Prepared for Potential Deluge
LONDON—As the U.K. experiences its worst flooding in 60 years, financial firms in the City of London and Canary Wharf aren't in harm's way, but they say they are prepared for the possibility of a flood.
Paladyne Integrates S&P Ratings for Hedge Funds
Buy-side software vendor Paladyne Systems has begun providing ratings data from Standard & Poor's to its hedge fund clients for use in their risk management and trading operations.
Indian Buyer to Boost Yipes Market Coverage
San Francisco-based Ethernet provider Yipes Enterprise Services plans to roll out its services to 36 new countries and to double its coverage of the US market as a result of its $300 million acquisition by Indian telecommunications service provider…
TSX Signs Aussie Deal for Index Analysis Software
Bond Index Systems, a new Australian company being set up by Melbourne-based Australian Indices and Kevin Lamont, a former fixed-income risk manager at the Bank of Nova Scotia, is preparing to roll out the Toronto Stock Exchange's PC Bond index analysis…
SWX, Virt-x Prep FAST Datafeed
Swiss exchange operator SWX will next year roll out a datafeed that incorporates the FIX (Financial Information eXchange) and bandwidth-reducing FAST (FIX Adapted for Streaming data) protocols in a bid to drastically reduce latency over the exchange's…